Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in AT&T Inc. $T

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in AT&T Inc. (NYSE:T) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,348,498 shares of the technology company’s stock after acquiring an additional 611,135 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.20% of AT&T worth $405,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of T. Brucke Financial Inc. boosted its holdings in AT&T by 47.9% in the third quarter. Brucke Financial Inc. now owns 16,265 shares of the technology company’s stock valued at $459,000 after purchasing an additional 5,267 shares during the last quarter. AlphaCore Capital LLC lifted its holdings in shares of AT&T by 33.6% in the 3rd quarter. AlphaCore Capital LLC now owns 104,449 shares of the technology company’s stock valued at $2,950,000 after buying an additional 26,242 shares during the period. Thornburg Investment Management Inc. boosted its stake in shares of AT&T by 2.8% in the third quarter. Thornburg Investment Management Inc. now owns 28,254,463 shares of the technology company’s stock worth $797,906,000 after buying an additional 773,022 shares during the last quarter. Intech Investment Management LLC grew its holdings in AT&T by 5.9% during the third quarter. Intech Investment Management LLC now owns 487,118 shares of the technology company’s stock worth $13,756,000 after acquiring an additional 27,113 shares during the period. Finally, Catalyst Financial Partners LLC raised its position in AT&T by 6.2% during the third quarter. Catalyst Financial Partners LLC now owns 35,888 shares of the technology company’s stock valued at $1,013,000 after acquiring an additional 2,088 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

T has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, January 26th. Morgan Stanley lowered their price target on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $33.00 price objective on shares of AT&T in a report on Thursday, January 29th. Scotiabank reiterated a “sector perform” rating and set a $29.50 price target on shares of AT&T in a research report on Wednesday, January 7th. Finally, Wall Street Zen cut AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.93.

AT&T Stock Down 1.7%

Shares of NYSE:T opened at $27.86 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The company’s fifty day moving average is $25.49 and its two-hundred day moving average is $26.37. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The stock has a market capitalization of $195.05 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 1.05 and a beta of 0.39.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, January 12th. AT&T’s dividend payout ratio is currently 36.39%.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.